Low demand hits PERFECT's revenue
Property Perfect revises its 2007 revenue target from Bt8 billion to Bt6.5 billion, due to the shrinking housing demand which forces it to postpone the launch of four projects to next year.
Sirirat Wongwatana, an executive of the property development company, said that the four projects are a Bt2.5 billion condominium project and three housing projects of which combined value is about Bt3 billion.
"The market condition is unfavourable due to the shrink in purchasing power, particularly for single houses," she said.
- The Nation